Mixin Network – a New Innovative System Review
Today bitcoins and the different financial assets become more are more widespread. And so, due to this fact teams creating new systems to have all the benefits of the modern world and its results. A new system has appeared. This time, it is an innovative and creative in many ways. It is reliable and we can even say, more secured and approved by users from different places in the world. The name of this system is Mixin. It is one, dealing with security and places it in the first place. The main aim of the system is to simplify the transaction process. When people talk about simplification, usually different negative thoughts may occur, especially if we are talking about our money. But it is important to remember, that Mixin places your security above another thing, and so, you may be sure about everything
The structure and components of the system
The abovementioned system has three components. They are:
• Kernel.
Here you have more security. If you are a user, you get your own private key right away. It is the core of the project itself and has “subdivision” and smaller branches, which is domain and extensions domain. Some people may think, that the network is controlled only by the Kernel and so, it is a centrally controlled network. But the main aim of the Kernel is to verify asset transaction. This part of the network is responsible for security, as well.
There is a simple version, which is called the Light Kernel, so if you have some troubles with the standard version, you may use this one anytime.
• Domain.
The domain is very important, as it stands between the object (which is a cryptocurrency) and subject (it may be a centralized bank even). So, this the one connecting the two together and accepting transactions. You should register your domain and then it will be approved in some time.
• Extensions Domain are secure and provide users with smart contact service, which is also highly productive.
Advantages of the Mixin Network
But we also should keep in mind, that Mixin, first of all, is a distributed ledger. And the most beautiful part of it, that it is still developing and so, proposes many advantages. These advantages are huge and unique if we were to compare with some other networks. And one of such advantages is that the network is of free fee and the extensibility is unlimited. The Mixin is a new innovative system, having advantages and a built-up strategy, components and services and so, it may be assumed as a reliable one.
Website: https://mixin.one/
Whitepaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
Facebook: https://www.facebook.com/MixinNetwork
Telegram: https://t.me/MixinCommunity
Author Mixin Messenger ID: 37202350
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1937264
